LAGARDE (IMF) AND COEURE' (ECB) GIVE CHARGE TO THE STOCK EXCHANGES. THE EURO FALLS, FINANCIAL SECTORS AND FIAT CHRYSLER CELEBRATE
Good news is coming from international institutions. This morning Benoit Coeuré, a member of the board of the ECB, announced that the Frankfurt institute will increase purchases of securities between May and June to remedy a drop in liquidity. In the afternoon it was Christine Lagarde to charge the price lists: "There are – he said – some progress on the source of the negotiations with Greece".
In the wake of these news, the European stock exchanges experienced a free-range day. In Milan the index Ftse Eb rose by 2,2% to 23.690. Frankfurt +2,26% did even better, ahead of Paris +2,12% and Madrid +1,35%. London +0,22%.
The reaction of theeuro which weakened against the dollar to 1,114 from 1,131 in the morning. The Wall Street indices oscillate on parity. The Dow Jones scores +0,1%, S&P 500 at parity. NASDAQ -0,03%. On the macro front, the growth in the opening of new construction sites should be noted. The negative note comes from Wal Mart -4,2%, after announcing lower than expected quarterly earnings.
In Piazza Affari shine the financial securities. Insurance companies advance: Generali +2,7%, preceded by UnipolSai +3,3%. Good increases also among the banks. Ubi's rally continues +3,8%, ahead of Mediobanca +2,7% galvanized by the purchases of Bolloré. Intesa +2,6 and Unicredit +2,2% also performed well. The exception is Monte Paschi -1,2% which pays the dilutive effect of the next capital increase.
Azimut is also weak -0,42% after the modification of the shareholders' agreement: 11,3% of the share capital can now be sold without restrictions. It stands out among the industrialists Fiat Chrysler +2% driving excellent sales figures in Europe. Also noteworthy is the advance of Luxottica +4,2% and Campari +3,3%.
